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Updated over 8 years ago on . Most recent reply

Tim McCahill's profile image
Tim McCahill's profile image
Tim McCahill
  • Professional
  • from Jersey City, NJ
  • Member since Oct 7, 2015
  • Posts 31
  • Votes 3
  • Experience 15 Yrs
  • Investments 5
Connect

User Stats

31
Posts
3
Votes
Tim McCahill's profile image
Tim McCahill's profile image
Tim McCahill
  • Professional
  • from Jersey City, NJ
  • Member since Oct 7, 2015
  • Posts 31
  • Votes 3
  • Experience 15 Yrs
  • Investments 5
Connect
Tim McCahill
  • Professional
  • Jersey City, NJ
3
Votes |
31
Posts
Creative Real Estate Financing

HELOC strategy - downpayment and upgrade

Tim McCahill
  • Professional
  • Jersey City, NJ
Posted

My wife and I are applying for a HELOC on an investment property and expect to get an LOC of about $100K. Our thinking is to apply some of that as a downpayment on our next investment and the rest to upgrade another multi family we own. Curious if anyone has tried this and/or has feedback on the pros/cons of the approach. Thanks.

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